Arthur J Gallagher & Co. (NYSE:AJG) acquired Insurance Risk Managers of Missouri, Inc. for $3 million on January 4, 2013. Arthur J Gallagher & Co. paid $2 million in cash and $1 million in maximum potential earn out payable. Post acquisition, Patrick McAleenan, President of Insurance Risk Managers, Novis Adkins, Executive Vice President and their associates will continue to operate in St. Louis under the direction of Mike Henthorn, head of Gallagher's South Central retail property and casualty brokerage operation.


Arthur J Gallagher & Co. (NYSE:AJG) completed the acquisition of Insurance Risk Managers of Missouri, Inc. on January 4, 2013.